The US Federal Deposit Insurance Corporation, an independent agency of the federal government, is reportedly moving to stop using the “reputational risk” category as a way to supervise banks. According to a letter sent by the agency’s acting chairman, Travis Hill, to Rep. Dan Meuser on March 24, banking regulators should not use “reputational risk”…
Crypto exchange Kraken has announced that it is winding down support for the Monero (XMR) privacy token for its customers based in Ireland and Belgium. Kraken posted a notice saying it would halt the trading and deposits for XMR from May 10. The exchange added that all margin trading positions must be closed before that…
BlackRock’s tokenized money market fund has expanded to the Solana blockchain as its market capitalization approaches the $2 billion mark. On March 25, Carlos Domingo, the founder and CEO of real-world asset (RWA) tokenization platform Securitize, welcomed the Solana network to the BlackRock USD Institutional Digital Liquidity Fund (BUIDL). This marked the tokenized money market…
US derivatives exchange operator CME Group is piloting solutions for tokenized assets using Google Cloud Universal Ledger (GCUL), a new distributed ledger that was designed for traditional financial institutions. CME has begun integrating GCUL to improve capital market efficiency and wholesale payments, the company announced on March 25. CME Group Chairman and CEO Terry Duffy…
Traditional and cryptocurrency investors eagerly await Friday’s Personal Consumption Expenditures (PCE) release in the US, which may provide some relief to inflation-related concerns and increase investor appetite for risk assets including Bitcoin. The US Bureau of Economic Analysis (BEA) will release on March 28 the next PCE report, which measures the inflation of prices US…
Key takeaways Bridging assets to Solana allows you to diversify digital assets across chains and access Solana’s Web3 benefits, which include DApps, DeFi and NFTs. Decentralized bridging platforms like Portal provide an efficient way to bridge to Solana from multiple blockchains. You can connect your wallets and transfer in minutes. Centralized platforms like OKX and…
Crypto.com is facing criticism from the crypto community after reissuing 70 billion Cronos tokens burned in 2021. Critics said the move undermines the principles of decentralization and transparency in the cryptocurrency space. The controversy erupted on March 25 after onchain investigator ZachXBT posted on X, accusing Crypto.com of reissuing Cronos (CRO) tokens that had been…
The acting chair of the US Securities and Exchange Commission has reportedly voted against the agency suing Elon Musk over the billionaire’s alleged securities violations concerning the disclosure of Twitter stocks. Citing anonymous sources, Reuters reported on March 24 that the SEC’s five commissioners conducted a vote on whether to sue Musk or not before…
A peer-to-peer (P2P) trading platform for privacy coin Monero has shuttered its services effective immediately, adding to the recent wave of crypto privacy closures and arrests. On May 7, LocalMonero announced that, effective immediately, all new signups and advertisement postings for Monero (XMR) trades are disabled. On May 14, the platform will disable the trading of the…
Key takeaways Bridging assets to Solana allows you to diversify digital assets across chains and access Solana’s Web3 benefits, which include DApps, DeFi and NFTs. Decentralized bridging platforms like Portal provide an efficient way to bridge to Solana from multiple blockchains. You can connect your wallets and transfer in minutes. Centralized platforms like OKX and…